Irish 'bad bank' NAMA says may return 1 billion euros to taxpayers

April 22, 2015 11:47 AM

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DUBLIN, April 22 (Reuters) - Ireland's state-run "bad bank" is hopeful that it may make a profit of up to 1 billion euros, double the amount estimated six months ago, by the time it winds down at the end of the decade, its chairman said on Wednesday.

The National Asset Management Agency (NAMA), one of the world's largest property groups, paid a total of 32 billion euros ($35 billion) to purge local banks of risky loans worth 74 billion euros following a crash that forced the country to seek an international bailout.